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COLLIBRI REAL ESTATE FINAL EXAM QUESTIONS BANK NEWEST
2026 ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| ||PROFESSOR VERIFIED||
Haru is working with his buyers to draw up a written offer on a
property they want to purchase. Which of the following items is
not required in the offer?
A) The property description
B) The mortgage lender
C) The method of payment
D) Special stipulations the offer requires - ANSWER-B) The
mortgage lender
Kezia just bought and closed on a new home that cost $195,000.
her mortgage amount is $165,500. how much is the intangible
recording tax on Kezia's property?
A) $585
B) $195
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C) $165.50
D) $496.50 - ANSWER-D) $496.50
*An intangible recording tax is due and payable on each
instrument securing one or more long-term notes at the rate of
$1.50 per each $500
$165,500 ÷ $500 = 331
331 x $1.50 = $496.50
Salesperson Gordon refuse to accept an offer to purchase his
home from buyer Juan Valdez of Columbia because Gordon feels
the earnest money of $100 is not enough. Which of the following
statements about Gordon's refusal is correct?
A) Gordon is in violation of fair housing law because he
discriminated on the basis of national origin.
B) Since Gordon refused on the basis of the earnest money, he is
not in violation of fair housing law.
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C) Gordon is in violation of civil rights law because he
discriminated on the basis of race.
D) Gordon is guilty of redlining - ANSWER-B) Since Gordon
refused on the basis of the earnest money, he is not in violation of
fair housing law.
Jada is a community association manager. Which of the following
would be one of her duties?
A) Advising an owner about his legal liability for a visitor's injury
on his property.
B) Following the instructions of all the owners in the community
association.
C) Lending $1,000 to the community association.
D) Sending a monthly newsletter to the owners. - ANSWER-D)
Sending a monthly newsletter to the owners.
Which of the following does NOT need to be included in a
property management agreement?
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A) A specific description of the property
B) The names of the owners
C) The names of the tenants
D) The terms of the management fee - ANSWER-C) The names
of the tenants
Gary got his license in May of 2021. His birthday is September
28. When will his license expire?
A) May 31, 2025
B) September 1, 2025
C) September 30, 2025
D) May 1, 2009 - ANSWER-C) September 30, 2025
*Real estate licenses expire on the last day of the licensee's birth
month, every 4 years.
A seller's agent must disclose any adverse physical conditions in
the immediate neighborhood within _______ of a property.
COLLIBRI REAL ESTATE FINAL EXAM QUESTIONS BANK NEWEST
2026 ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| ||PROFESSOR VERIFIED||
Haru is working with his buyers to draw up a written offer on a
property they want to purchase. Which of the following items is
not required in the offer?
A) The property description
B) The mortgage lender
C) The method of payment
D) Special stipulations the offer requires - ANSWER-B) The
mortgage lender
Kezia just bought and closed on a new home that cost $195,000.
her mortgage amount is $165,500. how much is the intangible
recording tax on Kezia's property?
A) $585
B) $195
,2|Page
C) $165.50
D) $496.50 - ANSWER-D) $496.50
*An intangible recording tax is due and payable on each
instrument securing one or more long-term notes at the rate of
$1.50 per each $500
$165,500 ÷ $500 = 331
331 x $1.50 = $496.50
Salesperson Gordon refuse to accept an offer to purchase his
home from buyer Juan Valdez of Columbia because Gordon feels
the earnest money of $100 is not enough. Which of the following
statements about Gordon's refusal is correct?
A) Gordon is in violation of fair housing law because he
discriminated on the basis of national origin.
B) Since Gordon refused on the basis of the earnest money, he is
not in violation of fair housing law.
,3|Page
C) Gordon is in violation of civil rights law because he
discriminated on the basis of race.
D) Gordon is guilty of redlining - ANSWER-B) Since Gordon
refused on the basis of the earnest money, he is not in violation of
fair housing law.
Jada is a community association manager. Which of the following
would be one of her duties?
A) Advising an owner about his legal liability for a visitor's injury
on his property.
B) Following the instructions of all the owners in the community
association.
C) Lending $1,000 to the community association.
D) Sending a monthly newsletter to the owners. - ANSWER-D)
Sending a monthly newsletter to the owners.
Which of the following does NOT need to be included in a
property management agreement?
, 4|Page
A) A specific description of the property
B) The names of the owners
C) The names of the tenants
D) The terms of the management fee - ANSWER-C) The names
of the tenants
Gary got his license in May of 2021. His birthday is September
28. When will his license expire?
A) May 31, 2025
B) September 1, 2025
C) September 30, 2025
D) May 1, 2009 - ANSWER-C) September 30, 2025
*Real estate licenses expire on the last day of the licensee's birth
month, every 4 years.
A seller's agent must disclose any adverse physical conditions in
the immediate neighborhood within _______ of a property.
